Star Bulk Carriers (SBLK) Director Raffaele Buys $227K of Stock
Director Raffaele Zagari increased his stake in Star Bulk Carriers with a recent purchase.
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Zagari Raffaele, Director at Star Bulk Carriers Corp. ($SBLK), bought 7,580 shares at an average price of $30, worth about $227,400, on October 13, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $SBLK is down 6.7% to date (from the $29.79 close on Oct 13, 2026).
SBLK
Star Bulk Carriers Corp.
Key Points
- Raffaele Zagari, a director at Star Bulk Carriers, bought 7,580 shares on October 13, 2026, for about $227,400 at a price of $30 each.
- Star Bulk Carriers stock trades at $27.87, below its 52-week high of $32.88 and has a P/E ratio of 12.44.
- The company has seen significant insider buying recently, with several executives also increasing their holdings.
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Raffaele Zagari, a director at Star Bulk Carriers Corp. (NasdaqGS: SBLK), bought 7,580 shares on October 13, 2026, for about $227,400, at a price of $30 each. This purchase reflects his confidence in the company's future performance as it continues its operations in the marine shipping sector.
Zagari's recent trade follows a trend of insider buying at Star Bulk Carriers. Notably, on June 12, 2026, several executives purchased shares, including Chief Strategy Officer Charis Plakantonaki, who bought 17,200 shares, and Co-CFO Symeon Spyrou, who acquired 26,200 shares. These transactions suggest a coordinated effort among the leadership to increase their stakes in the company amid positive performance indicators.
Zagari Raffaele vs. the S&P 500
Hypothetical returns from Zagari Raffaele's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in Star Bulk Carriers
Several institutional investors have also been active in Star Bulk Carriers. Two Sigma Investments, LP increased its holdings by 517,029 shares, bringing its total to 3,530,020 shares valued at approximately $98.5 million. Blackrock Inc. grew its stake significantly, adding 2,216,797 shares to reach 2,817,294 shares worth about $78.6 million. Additionally, Renaissance Technologies, LLC added 32,048 shares, totaling 2,099,637 shares valued at around $58.6 million. This activity reflects a robust interest from institutional players in the shipping company.
Star Bulk Carriers Corp. Stock Down 14.2%
Star Bulk Carriers trades at $27.87, which is below its previous close of $32.48. The stock has a P/E ratio of 12.44, indicating a reasonable valuation in the current market. It also has a 52-week range, with a low of $16.72 and a high of $32.88, suggesting recent volatility that could be attractive to investors.
Recent Earnings
In its last earnings report, Star Bulk Carriers reported revenue of approximately $1.2 billion with a revenue growth of 44.5%. The company posted an EPS of $2.55 and a net margin of 23.87%, showcasing strong profitability. The next earnings report is scheduled for November 18, 2026, which could provide further insights into its financial health.
Insider Buying and Selling at Star Bulk Carriers Corp.
In addition to Raffaele Zagari's recent purchase, several other insiders have been active. On June 12, 2026, Chief Strategy Officer Charis Plakantonaki acquired 17,200 shares, while Co-CFO Symeon Spyrou bought 26,200 shares. Gary Weston and Mahesh Balakrishnan also purchased 7,580 shares each on the same day. These transactions highlight a collective confidence among the company's leadership.
About Star Bulk Carriers
Star Bulk Carriers Corp. is a shipping company that specializes in the ocean transportation of dry bulk cargoes. With a fleet of dry bulk carrier vessels, the company transports various commodities, including iron ores, grains, and fertilizers. The company's strategic operations position it well within the marine shipping industry, making its insider trading activity particularly noteworthy.
Bottom Line
Looking ahead, investors will watch for the next earnings report on November 18, 2026, which could shed light on the company's ongoing performance. Recent insider purchases reflect positive sentiment within the company's leadership. Remember, the recent trades reported may not represent current positions as they reflect past transactions.
Related Filing Alerts
Source: Zagari Raffaele's Form 4 filing on $SBLK (Oct 13, 2026). Find the original filing: SBLK Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts